This week we wanted to highlight our upcoming legal guide for investment in Vietnam prepared by Associate Le Thanh Cong and Legal Assistant Pham Hoang Vu. This excerpt from the full guide covers investment support by the government for enterprises, particularly SMEs and technology startups, which is a subset of investment incentives offered under the [...]
Last week I wrote about the process of obtaining approval for outward investment by Vietnamese citizens (see Establishing an Offshore Holding Company for Vietnamese Startups). For many Vietnamese startups, that’s only the first step in the process of reorganizing their enterprise to make it viable for foreign Venture Capitalists (“VCs”) and other investors. The second [...]
A Guide to the Important Points for Cross-border E-Commerce Providers and Foreign Investors It's been coming. We've been talking about the new regime for e-commerce and other elements of the internet for ages it seems. When will Vietnam finally issue their new rules for governing e-commerce, and specifically, for governing cross-border e-commerce providers? On September [...]
In the last few weeks there have been several pieces of legislation passed through the government and various ministries to assist the country and its citizens in their struggle with Covid-19 and the economic fallout of the last several months of lockdown. I asked one of out legal assistants to outline that legislation for me [...]
Last week I wrote about the rules regarding land ownership for foreigners in Vietnam, here, this week I'm going to review the rules for owning a house or villa as a foreigner in Vietnam. These rules are different and, in fact, ownership is a bit of a misnomer--though the law uses the term, it really [...]
It seems one of the first questions asked by foreigners coming into Vietnam, can I, as a foreign, own land in Vietnam? The answer, by and large, is no, but it is still worth a look to understand the nuances and the possibilities for a foreigner to come into the country and impose his philosophies [...]
Repatriating foreign direct investments from Vietnam is a bit more complicated than repatriating foreign indirect investments (which I talked about last week, here). This week I am going to discuss the legal process for making FOREX and repatriation happen in the case of foreign direct investment (FDI) into Vietnam. This article should be read in [...]
When a non-Vietnamese citizen wants to invest in Vietnam there are a few questions which come up at the very beginning. One of them--and I've worked on several informational memos about this--is how they repatriate their investment, and any profits, from Vietnam when they are finished with the investment. The answer to that question depends [...]
A recent Linkedin post alerted me to a crackdown on foreign land ownership. It linked to an article in the local press about Chinese investors buying land in Da Nang through "various ruses." As I read the article I came to realize that the Linkedin poster hadn't really read into the article that much, or [...]
WHY WORRY ABOUT ANTI-CORRUPTION LAWS IN VIETNAM? At certain points of my career the question of corruption became relevant. Not only was there corruption in the government as they seized assets and claimed taxes—which they had already signed off as having received—weren't paid, but there was the question of what we, as a company seeking [...]